THE PICK OF THE BUNCH - CHERRY TREE MOTEL

Negotiation

12 Riccarton Road Riccarton View map

Listing # 11238621B Listed 9 Mar 2017

RE/MAX INITIAL REALTY LTD (Licensed: REAA 2008) - Christchurch's logo
RE/MAX INITIAL REALTY LTD Christchurch

Licensed: REAA 2008

THE PICK OF THE BUNCH - CHERRY TREE MOTEL
  • THE PICK OF THE BUNCH - CHERRY TREE MOTEL
  • THE PICK OF THE BUNCH - CHERRY TREE MOTEL
  • THE PICK OF THE BUNCH - CHERRY TREE MOTEL
  • THE PICK OF THE BUNCH - CHERRY TREE MOTEL
  • THE PICK OF THE BUNCH - CHERRY TREE MOTEL

About this property

Welcome to Cherry Tree Motel Lodge, 12 Riccarton Road, Christchurch

A change of ownership for both freehold and leasehold hence an excellent opportunity for the next motel investor/s to invest in this unique special motel in Christchurch.

Via its ongoing relationship with local and international business networks, this modern and well-appointed motel experiences a stable occupancy rate comprised of a corporate clientele who favour its central 'golden mile' location. Attractive street frontage with high volume passing traffic attracts a plentiful supply of walk-in guests while an informative user-friendly website maintains a strong on-line presence.

Primely positioned only 9 minutes from the CBD, 15 minutes from the airport with proximity to Christchurch's eateries and entertainment, guests also benefit from easy drive-on access, abundant parking, spa and laundry facilities.

Comprising 19 fully self-contained units (15 studio + 4 one bedrooms units) and a three bedroom manager's residence, the set up is ideal for a couple or family run venture.

A consistent performer with future development potential and a rental income is scheduled to be reviewed again in July 2018 and thereafter every three years.

A sensational lifestyle opportunity or portfolio investment for the seasoned entrepreneur. BETTER BE QUICK.

Address 12 Riccarton Road, Christchurch Land Area 1384 square meters Floor Area 580 square meters Units 19 + 1 units + 3 Bedroom Accommodation (Managers)
Car Parks 20 Current Zoning Business/Residential Price By Negotiation Contact Leta Quartermain 027 554 7787 or letaquartermain.remax@gmail.com for Private Viewing by Appointment only.

Internet Connectivity

Available Fibre
Available Cable
Available VDSL
Available ADSL
Available Wireless

* Data provided by National Broadband Map. Check with local service providers to confirm availability.



Enquire about this property


Leta Quatermain photo
Agent
Initial Realty Ltd
Cnr Apsley Drive & Withells Road
CHRISTCHURCH
Leta Quatermain

Commercial for Sale Investment Opportunities

  • 1,384 m2 Land
  • 580 m2 Floor

Agents Details

Leta Quatermain photo
Agent
Initial Realty Ltd
Cnr Apsley Drive & Withells Road
CHRISTCHURCH
Leta Quatermain

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